The Significance Of /ES at 3,950

In today’s video I discuss today’s intra-day move and the significance of /ES at 3,950 and why trading below that could very well mean that this thing falls apart earlier than expected. We’ve been tracking this inflection point and while the daily put/call ratio doesn’t exactly scream short this market, it might be a blessing in disguise to be cautiously bullish as we dip into what could be a super volatile next week.